For the entire financial year 2024-25, Unity Small Finance Bank reported a 10 percent increase in its profit to Rs 482 crore from Rs 439 crore in the previous fiscal.
In an interview, CEO Nalin Negi outlines a focused strategy for BharatPe, including building consumer payments app, without being in the race for UPI market share, and hitting full-year Ebitda profitability in FY25.
Unity Small Finance Bank | The capital adequacy ratio of the bank promoted by Centrum Group stood at 29 percent.
Under Camotra, the SFB manages a deposit base of more than Rs 8,000 crore and has a loan book of over Rs 8,500 crore.
BharatPe owns 49% in Unity SFB, and Centrum group the remaining 51%. Sources say BharatPe is likely to pare its shareholding to around 25-26%. Company calls it speculation.
Unity Small Finance Bank, promoted by the Centrum Group, recorded a 79% increase in net income to Rs 110 crore in the December quarter, supported by an overall strong set of data.
Unity Small Finance Bank Limited is a scheduled commercial bank, promoted by Centrum Financial Services Ltd.